Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers lifted its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 471,677 shares of the transportation company’s stock after acquiring an additional 9,396 shares during the period. Rhumbline Advisers owned about 0.29% of Knight-Swift Transportation worth $25,018,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators increased its position in shares of Knight-Swift Transportation by 87.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after acquiring an additional 348 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after purchasing an additional 292 shares during the period. Quarry LP boosted its holdings in shares of Knight-Swift Transportation by 71.1% during the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after purchasing an additional 499 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after purchasing an additional 213 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Stock Down 2.2 %

Shares of Knight-Swift Transportation stock opened at $52.94 on Thursday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 72.52 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $54.80 and a two-hundred day moving average price of $54.08. Knight-Swift Transportation Holdings Inc. has a 12-month low of $45.55 and a 12-month high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Equities analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is currently 87.67%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup cut shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target for the company. in a report on Tuesday, November 12th. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their price target for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. Raymond James raised their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, TD Cowen increased their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.